IMF chief pleased over Sri Lanka reaching staff-level pact for US$ 2.9 Billion
Posted in Local News
Kristalina Georgieva – IMF chief
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva today said she is very pleased that IMF staff and Sri Lankan government officials have reached a staff-level agreement to support the country’s economic policies with a 48-month Extended Fund Facility of about US$ 2.9 billion.
“This is an important step forward for Sri Lanka,” she said in a twitter message on Sunday.
The IMF on Thursday announced that it has reached a staff-level agreement with Sri Lanka, in a first step before extending a $2.9 billion loan package that the Fund has made contingent on assurances from the island nation’s creditors.
Latest Headlines
- Sri Lankan Rupee appreciates against U.S. Dollar June 1, 2023
- Professionals belonging to 14 categories required to register with Inland Revenue Department from June 01 June 1, 2023
- Bruno Divakara remanded until June 07 June 1, 2023
- Over 9,000 dengue cases reported in Sri Lanka in May, 2023 June 1, 2023
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases June 1, 2023
- Sri Lanka’s key inflation rate eases to 25.2% in May June 1, 2023
- Fuel prices revised in Sri Lanka May 31, 2023
Good news to all innocent Sri Lankans. It is good that IMF is trying to reduce expenditure & increase income through higher tariffs on electricity, water & vat, etc on poor persons daily essential retail items. The big question among the ordinary public now is whether IMF will do some thing to reduce the o of ministers, deputy ministers, state ministers & expenditure on 225 MPs in our democratic Parliament. All hope, certainly they will look into this !